2022 Q4 Form 20-F Financial Statement
#000162828023009769 Filed on March 30, 2023
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2022 |
---|---|---|---|
Revenue | $148.6M | $107.9M | $443.8M |
YoY Change | 115.05% | 47.81% | 80.92% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $94.40M | $67.40M | $301.7M |
YoY Change | 104.33% | 26.45% | 40.2% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $28.30M | $29.20M | $116.5M |
YoY Change | -22.25% | 2.82% | -2.59% |
% of Gross Profit | |||
Operating Expenses | $122.7M | $96.60M | $549.9M |
YoY Change | 48.55% | 18.24% | 64.25% |
Operating Profit | -$101.9M | ||
YoY Change | 15.4% | ||
Interest Expense | -$37.60M | -$34.20M | $131.3M |
YoY Change | 68.61% | 79.06% | -264.95% |
% of Operating Profit | |||
Other Income/Expense, Net | -$10.40M | -$20.10M | -$46.90M |
YoY Change | 46.48% | 443.24% | 146.84% |
Pretax Income | -$18.50M | -$50.40M | -$274.4M |
YoY Change | -56.37% | 80.65% | 49.7% |
Income Tax | $2.800M | $4.500M | $18.40M |
% Of Pretax Income | |||
Net Earnings | -$21.30M | -$54.90M | -$292.8M |
YoY Change | -53.8% | 68.4% | 51.71% |
Net Earnings / Revenue | -14.33% | -50.88% | -65.98% |
Basic Earnings Per Share | -$1.64 | ||
Diluted Earnings Per Share | -$0.09 | -$295.8K | -$1.64 |
COMMON SHARES | |||
Basic Shares Outstanding | 228.9M shares | 178.4M shares | |
Diluted Shares Outstanding | 178.4M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $108.0M | $279.0M | $108.0M |
YoY Change | 209.46% | 304.93% | 209.46% |
Cash & Equivalents | $108.0M | $279.0M | $108.0M |
Short-Term Investments | |||
Other Short-Term Assets | $25.40M | $207.6M | $55.60M |
YoY Change | -39.67% | 826.79% | 80.52% |
Inventory | |||
Prepaid Expenses | $9.600M | ||
Receivables | $43.00M | $68.90M | $100.4M |
Other Receivables | $4.600M | $76.90M | $85.90M |
Total Short-Term Assets | $349.9M | $632.4M | $349.9M |
YoY Change | 98.58% | 247.28% | 98.58% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.900M | $2.602B | $2.598B |
YoY Change | -99.86% | -10.2% | -9.51% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $20.60M | $19.20M | $20.60M |
YoY Change | 6.19% | -18.99% | 6.19% |
Other Assets | $26.70M | $25.20M | $32.60M |
YoY Change | 81.63% | 447.83% | 150.77% |
Total Long-Term Assets | $2.652B | $2.647B | $2.652B |
YoY Change | -8.69% | -9.56% | -8.69% |
TOTAL ASSETS | |||
Total Short-Term Assets | $349.9M | $632.4M | $349.9M |
Total Long-Term Assets | $2.652B | $2.647B | $2.652B |
Total Assets | $3.002B | $3.279B | $3.002B |
YoY Change | -2.55% | 5.49% | -2.55% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $47.70M | $53.20M | $47.70M |
YoY Change | 37.46% | 261.9% | 37.46% |
Accrued Expenses | $80.80M | $233.8M | $193.8M |
YoY Change | 3.72% | 246.37% | 148.78% |
Deferred Revenue | $57.30M | ||
YoY Change | 1369.23% | ||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $445.9M | $1.650B | $445.9M |
YoY Change | |||
Total Short-Term Liabilities | $745.6M | $2.003B | $745.6M |
YoY Change | 532.4% | 1927.53% | 532.4% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.191B | $283.5M | $1.191B |
YoY Change | -37.83% | -85.18% | -37.83% |
Other Long-Term Liabilities | $14.30M | $74.80M | $167.2M |
YoY Change | -90.87% | -53.51% | 6.77% |
Total Long-Term Liabilities | $1.358B | $358.3M | $1.358B |
YoY Change | -34.46% | -82.72% | -34.46% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $745.6M | $2.003B | $745.6M |
Total Long-Term Liabilities | $1.358B | $358.3M | $1.358B |
Total Liabilities | $2.104B | $2.362B | $2.104B |
YoY Change | -3.95% | 8.7% | -3.95% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$1.381B | ||
YoY Change | 26.91% | ||
Common Stock | $2.289B | ||
YoY Change | 14.9% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $9.800M | ||
YoY Change | -28.47% | ||
Treasury Stock Shares | |||
Shareholders Equity | $897.8M | $917.5M | $897.8M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $3.002B | $3.279B | $3.002B |
YoY Change | -2.55% | 5.49% | -2.55% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$21.30M | -$54.90M | -$292.8M |
YoY Change | -53.8% | 68.4% | 51.71% |
Depreciation, Depletion And Amortization | $28.30M | $29.20M | $116.5M |
YoY Change | -22.25% | 2.82% | -2.59% |
Cash From Operating Activities | $77.50M | $8.200M | $62.50M |
YoY Change | -418.93% | -217.14% | -206.11% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $39.50M | -$20.40M | $83.30M |
YoY Change | -831.48% | 251.72% | -540.74% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $700.0K |
YoY Change | -100.0% | -100.0% | -98.83% |
Cash From Investing Activities | -$39.50M | -$20.40M | -$82.60M |
YoY Change | -2921.43% | -146.9% | -301.96% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $260.4M | $298.1M | |
YoY Change | 565.4% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -205.5M | 260.4M | $92.60M |
YoY Change | 106.7% | ||
NET CHANGE | |||
Cash From Operating Activities | 77.50M | 8.200M | $62.50M |
Cash From Investing Activities | -39.50M | -20.40M | -$82.60M |
Cash From Financing Activities | -205.5M | 260.4M | $92.60M |
Net Change In Cash | -167.5M | 248.2M | $72.50M |
YoY Change | 631.44% | 580.0% | 170.52% |
FREE CASH FLOW | |||
Cash From Operating Activities | $77.50M | $8.200M | $62.50M |
Capital Expenditures | $39.50M | -$20.40M | $83.30M |
Free Cash Flow | $38.00M | $28.60M | -$20.80M |
YoY Change | -301.06% | -2483.33% | -48.0% |
Facts In Submission
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|
usd | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.10 | |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
255000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
229263598 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
228948087 | shares |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
23000000.0 | usd |
CY2022Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
9800000 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
2265600000 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1381000000 | usd |
CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1088200000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
897800000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
889900000 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3001700000 | usd |
CY2021Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3080300000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-292800000 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-193000000.0 | usd |
CY2020 | us-gaap |
Profit Loss
ProfitLoss
|
-317600000 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2600000 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
900000 | usd |
CY2020 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
700000 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
116500000 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
119600000 | usd |
CY2020 | us-gaap |
Depreciation
Depreciation
|
117900000 | usd |
CY2022 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
131700000 | usd |
CY2021 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd |
CY2020 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
77100000 | usd |
CY2022 | borr |
Amortization Of Deferred Mobilization And Contract Preparation Costs
AmortizationOfDeferredMobilizationAndContractPreparationCosts
|
36700000 | usd |
CY2021 | borr |
Amortization Of Deferred Mobilization And Contract Preparation Costs
AmortizationOfDeferredMobilizationAndContractPreparationCosts
|
12600000 | usd |
CY2020 | borr |
Amortization Of Deferred Mobilization And Contract Preparation Costs
AmortizationOfDeferredMobilizationAndContractPreparationCosts
|
28900000 | usd |
CY2022 | borr |
Amortization Of Deferred Mobilization Demobilization And Other Revenue
AmortizationOfDeferredMobilizationDemobilizationAndOtherRevenue
|
22100000 | usd |
CY2021 | borr |
Amortization Of Deferred Mobilization Demobilization And Other Revenue
AmortizationOfDeferredMobilizationDemobilizationAndOtherRevenue
|
5900000 | usd |
CY2020 | borr |
Amortization Of Deferred Mobilization Demobilization And Other Revenue
AmortizationOfDeferredMobilizationDemobilizationAndOtherRevenue
|
15900000 | usd |
CY2022 | borr |
Gain Loss On Disposition Of Property Plant Equipment And Other Non Operating Income
GainLossOnDispositionOfPropertyPlantEquipmentAndOtherNonOperatingIncome
|
4200000 | usd |
CY2021 | borr |
Gain Loss On Disposition Of Property Plant Equipment And Other Non Operating Income
GainLossOnDispositionOfPropertyPlantEquipmentAndOtherNonOperatingIncome
|
4800000 | usd |
CY2020 | borr |
Gain Loss On Disposition Of Property Plant Equipment And Other Non Operating Income
GainLossOnDispositionOfPropertyPlantEquipmentAndOtherNonOperatingIncome
|
19000000.0 | usd |
CY2022 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
7900000 | usd |
CY2021 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
6500000 | usd |
CY2020 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
5600000 | usd |
CY2022 | borr |
Non Cash Portion Of Bank Commitment Guarantee And Other Fees
NonCashPortionOfBankCommitmentGuaranteeAndOtherFees
|
15700000 | usd |
CY2021 | borr |
Non Cash Portion Of Bank Commitment Guarantee And Other Fees
NonCashPortionOfBankCommitmentGuaranteeAndOtherFees
|
0 | usd |
CY2020 | borr |
Non Cash Portion Of Bank Commitment Guarantee And Other Fees
NonCashPortionOfBankCommitmentGuaranteeAndOtherFees
|
0 | usd |
CY2022 | borr |
Effective Interest Rate Adjustments Debt Instrument
EffectiveInterestRateAdjustmentsDebtInstrument
|
2800000 | usd |
CY2021 | borr |
Effective Interest Rate Adjustments Debt Instrument
EffectiveInterestRateAdjustmentsDebtInstrument
|
3700000 | usd |
CY2020 | borr |
Effective Interest Rate Adjustments Debt Instrument
EffectiveInterestRateAdjustmentsDebtInstrument
|
5000000.0 | usd |
CY2022 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
0 | usd |
CY2021 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
0 | usd |
CY2020 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-27400000 | usd |
CY2022 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1200000 | usd |
CY2021 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
16100000 | usd |
CY2020 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
9500000 | usd |
CY2022 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-2100000 | usd |
CY2021 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-500000 | usd |
CY2020 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
1100000 | usd |
CY2022 | borr |
Increase Decrease In Due From To Related Parties
IncreaseDecreaseInDueFromToRelatedParties
|
17000000.0 | usd |
CY2021 | borr |
Increase Decrease In Due From To Related Parties
IncreaseDecreaseInDueFromToRelatedParties
|
13700000 | usd |
CY2020 | borr |
Increase Decrease In Due From To Related Parties
IncreaseDecreaseInDueFromToRelatedParties
|
-26700000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
89800000 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
10300000 | usd |
CY2020 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-10400000 | usd |
CY2022 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-35800000 | usd |
CY2021 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
29000000.0 | usd |
CY2020 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
41100000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
139200000 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
24100000 | usd |
CY2020 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
19900000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
173200000 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
16600000 | usd |
CY2020 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
6000000.0 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
62500000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-58900000 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-54800000 | usd |
CY2022 | us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
1800000 | usd |
CY2021 | us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
100000 | usd |
CY2020 | us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
700000 | usd |
CY2021 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
2700000 | usd |
CY2020 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
37700000 | usd |
CY2022 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
0 | usd |
CY2021 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
0 | usd |
CY2020 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
92500000 | usd |
CY2022 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
0 | usd |
CY2021 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
0 | usd |
CY2020 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
3000000.0 | usd |
CY2022 | borr |
Addition To Newbuild Jackup Rigs
AdditionToNewbuildJackupRigs
|
0 | usd |
CY2021 | borr |
Addition To Newbuild Jackup Rigs
AdditionToNewbuildJackupRigs
|
0 | usd |
CY2020 | borr |
Addition To Newbuild Jackup Rigs
AdditionToNewbuildJackupRigs
|
5000000.0 | usd |
CY2022 | us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
81500000 | usd |
CY2021 | us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
18800000 | usd |
CY2020 | us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
37400000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-82600000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
40900000 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-119700000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
298100000 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
44800000 | usd |
CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
60200000 | usd |
CY2022 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
355500000 | usd |
CY2021 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
0 | usd |
CY2020 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
150000000.0 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
0 | usd |
CY2020 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
5000000.0 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
92600000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
44800000 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
65200000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
72500000 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
26800000 | usd |
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-109300000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
46000000.0 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
19200000 | usd |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
128500000 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
83900000 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
83900000 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
57200000 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
16200000 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
16200000 | usd |
CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-800000 | usd |
CY2022 | borr |
Addition To Long Term Debt Arising From Non Cash Settlement Of Newbuild Delivery Installment
AdditionToLongTermDebtArisingFromNonCashSettlementOfNewbuildDeliveryInstallment
|
0 | usd |
CY2021 | borr |
Addition To Long Term Debt Arising From Non Cash Settlement Of Newbuild Delivery Installment
AdditionToLongTermDebtArisingFromNonCashSettlementOfNewbuildDeliveryInstallment
|
0 | usd |
CY2020 | borr |
Addition To Long Term Debt Arising From Non Cash Settlement Of Newbuild Delivery Installment
AdditionToLongTermDebtArisingFromNonCashSettlementOfNewbuildDeliveryInstallment
|
181800000 | usd |
CY2020 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
62800000 | usd |
CY2020 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
700000 | usd |
CY2020 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-317600000 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
46000000.0 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-193000000.0 | usd |
CY2021 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
400000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
313800000 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
15700000 | usd |
CY2022 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
0 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2600000 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-292800000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
897800000 | usd |
CY2022 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 1 - General</span></div><div style="margin-top:12pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Borr Drilling Limited was incorporated in Bermuda on August 8, 2016. We are listed on the Oslo Stock Exchange and on the New York Stock Exchange under the ticker “BORR”. Borr Drilling Limited is an international offshore drilling contractor providing services to the oil and gas industry. Our primary business is the ownership, contracting and operation of modern jack-up drilling rigs for operations in shallow-water areas (i.e., in water depths of approximately 400 feet), including the provisi</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">on of related equipment and work crews to conduct drilling of oil and gas wells and workover operations for exploration and production customers. As of December 31, 2022, we had a total of 22 premium jack-up rigs, including one rig which was “warm stacked”, and had agreed to purchase two additional premium jack-up rigs under construction, which are scheduled for delivery in 2025.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As used herein, and unless otherwise required by the context, the terms “Company”, “Borr”, “we,” “Group”, “our” and words of similar nature refer to Borr Drilling Limited and its consolidated companies. The use herein of such terms as “group”, “organization”, “we”, “us”, “our” and “its”, or references to specific entities, is not intended to be a precise description of corporate relationships.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Going concern</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The consolidated financial statements have been prepared on a going concern basis. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have incurred significant losses since inception and may be dependent on additional financing in order to meet our existing capital expenditure commitments and our debt obligations expected in the next 12 months.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On December 28, 2021, as contemplated by the agreements in principle with the shipyard creditors, subsequently reflected in executed agreements, outlined below, the Company launched a private placement which closed in January 2022, raising net proceeds of $28.9 million by issuing 13,333,333 shares at a subscription price of $2.25 per share.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 27, 2022, we announced that we had entered into a letter of intent ("LOI") for the sale of three newbuilding jack-up rigs for $320.0 million, subject to various conditions. In September 2022, we entered into a sales agreement, giving effect to the previously executed LOI. Upon sale of the first of the three rigs to be sold, proceeds from the sale were used to pay the delivery installments for one of the rigs. The remaining proceeds will be used to pay the delivery installment of the other two rigs and further eliminate the associated activation costs that would have applied in the future. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In August 2022, the Company conducted a public offering raising net proceeds of $260.4 million by issuing 76,363,071 shares at a subscription price of $3.60 per share ("2022 August Equity Offering"). Proceeds from the August Equity Offering were used to consummate the refinancing described below.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In October 2022, we entered into agreements with our shipyard creditors and other secured creditors to refinance our respective debt facilities, extending the debt maturity to 2025. As part of these agreements, we paid the outstanding balance of our Syndicated Facility and New Bridge Facility with proceeds from our new $150.0 million bilateral facility provided by DNB Bank ASA, an existing lender in the previous facilities, and using a portion of the proceeds from our 2022 August Equity Offering.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, we paid down $45.0 million of our Hayfin facility with proceeds from our 2022 August Equity Offering. While there was no refinancing of our facilities with Keppel, our amended agreement with Keppel resulted in the deferral of the delivery dates for two of our newbuild rigs to 2025 and included an agreement for Keppel to cooperate with the sale of the other three newbuild rigs we agreed to purchase and which we subsequently agreed to sell.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 13, 2022, we announced that we had entered into an agreement to sell the jack-up rig "Gyme" for $120.0 million. The sale of the rig was pursuant to an undertaking by the Company under its most recent refinancing with PPL Shipyard completed in October 2022. Upon closing of the transaction on November 15, 2022, the proceeds from the sale were applied to all outstanding amounts owed on the rig, and excess amounts were applied to the capitalized interest for the eight other rigs financed by PPL.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In February 2023, we issued $250.0 million senior unsecured convertible bonds due February 8, 2028 and $150.0 million senior secured bonds due February 9, 2026. The proceeds from the unsecured convertible bonds and secured bonds will be used to refinance the outstanding $350.0 million of convertible bonds due May 23, 2023 and for general corporate purposes. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In July 2021, we established an ATM program under which we may offer and sell from time to time up to $40.0 million of our common shares to be listed on the New York Stock Exchange. Since establishment of the ATM program through to December 31, 2022, we have sold 2,350,000 shares, raising $8.8 million in net proceeds under the ATM program.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The sale of shares under our ATM program, the equity raised in December 2021 and August 2022, the extension of the maturities of our secured debt to 2025 and raising of proceeds from the unsecured convertible bonds and secured bonds issued in February 2023 have improved our current liquidity situation. Additionally, the sale of the jack-up rig "Gyme" jack-up rig for $120.0 million with proceeds from the sale being applied to all outstanding amounts owed on the rig, reduced our total outstanding debt and agreement to sell three newbuildings jack-up rigs for $320.0 million with proceeds from the sale to pay the delivery installments of the three newbuildings jack-up rigs and further eliminate the associated activation costs that would apply in the future, have reduced our capital commitments. However, our ability to continue as a going concern is dependent on a continuing improvement in the jack-up drilling market and securing our rigs on profitable contracts, in addition to being able to meet our existing capital expenditure commitments and our debt obligations during 2023. As such, we have concluded that a substantial doubt exists over our ability to continue as a going concern. The financial statements included in this report do not include any adjustments that might result from the outcome of this uncertainty.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We will continue to explore additional financing opportunities and strategic sale of a limited number of modern jack-ups or joint ventures in order to further strengthen the liquidity of the Company. While we have confidence that these actions will enable us to better manage our liquidity position, and we have a track record of delivering additional financing and selling rigs and joint ventures, there is no guarantee that any additional financing or sale measures will be concluded successfully.</span></div> | |
CY2022Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
28900000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
13333333 | shares |
CY2022Q1 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
2.25 | |
CY2022Q2 | borr |
Number Of Newbuild Jack Up Rigs For Sale Per Letter Of Intent Agreement
NumberOfNewbuildJackUpRigsForSalePerLetterOfIntentAgreement
|
3 | rig |
CY2022Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
260400000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
76363071 | shares |
CY2022Q3 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
3.60 | |
CY2022 | borr |
Number Of Rigs Deliveries Deferred
NumberOfRigsDeliveriesDeferred
|
2 | rig |
CY2022Q2 | borr |
Number Of Newbuild Jack Up Rigs For Sale Per Letter Of Intent Agreement
NumberOfNewbuildJackUpRigsForSalePerLetterOfIntentAgreement
|
3 | rig |
CY2022Q2 | borr |
Number Of Newbuild Jack Up Rigs For Sale Per Letter Of Intent Agreement
NumberOfNewbuildJackUpRigsForSalePerLetterOfIntentAgreement
|
3 | rig |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.05 | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.10 | |
CY2021 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
39500000 | usd |
CY2021 | borr |
Intersegment Revenue
IntersegmentRevenue
|
0 | usd |
CY2021 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
1200000 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in accordance with U.S. GAAP requires that management make estimates and assumptions affecting the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In assessing the recoverability of our jack-up rigs' carrying amounts, we make assumptions regarding estimated future cash flows, estimates in respect of residual or scrap values, utilization, revenue dayrates, operating and maintenance expenses and capital expenditures.</span></div> | |
CY2022 | borr |
Operating And Maintenance Expense Rigs
OperatingAndMaintenanceExpenseRigs
|
264900000 | usd |
CY2022 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
116500000 | usd |
CY2022 | borr |
Impairment Of Non Current Assets
ImpairmentOfNonCurrentAssets
|
131700000 | usd |
CY2022 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
36800000 | usd |
CY2022 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1200000 | usd |
CY2022 | borr |
Operating Income Loss Including Income Loss From Equity Method Investments
OperatingIncomeLossIncludingIncomeLossFromEquityMethodInvestments
|
-100700000 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
3001700000 | usd |
CY2021 | borr |
Dayrate Revenue
DayrateRevenue
|
205800000 | usd |
CY2021Q3 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2022 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment |
CY2021 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment |
CY2022 | borr |
Dayrate Revenue
DayrateRevenue
|
358700000 | usd |
CY2022 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
85100000 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
4200000 | usd |
CY2021 | borr |
Operating And Maintenance Expense Rigs
OperatingAndMaintenanceExpenseRigs
|
180500000 | usd |
CY2021 | borr |
Expenses From Contract With Customer
ExpensesFromContractWithCustomer
|
0 | usd |
CY2021 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
119600000 | usd |
CY2021 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
34700000 | usd |
CY2021 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
16100000 | usd |
CY2021 | borr |
Operating Income Loss Including Income Loss From Equity Method Investments
OperatingIncomeLossIncludingIncomeLossFromEquityMethodInvestments
|
-72200000 | usd |
CY2021Q4 | us-gaap |
Assets
Assets
|
3080300000 | usd |
CY2020 | borr |
Dayrate Revenue
DayrateRevenue
|
265200000 | usd |
CY2020 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
42300000 | usd |
CY2020 | borr |
Intersegment Revenue
IntersegmentRevenue
|
0 | usd |
CY2020 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
19000000.0 | usd |
CY2020 | borr |
Operating And Maintenance Expense Rigs
OperatingAndMaintenanceExpenseRigs
|
270400000 | usd |
CY2020 | borr |
Expenses From Contract With Customer
ExpensesFromContractWithCustomer
|
0 | usd |
CY2020 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
117900000 | usd |
CY2020 | borr |
Impairment Of Non Current Assets
ImpairmentOfNonCurrentAssets
|
77100000 | usd |
CY2020 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
49100000 | usd |
CY2020 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
9500000 | usd |
CY2020 | borr |
Operating Income Loss Including Income Loss From Equity Method Investments
OperatingIncomeLossIncludingIncomeLossFromEquityMethodInvestments
|
-178500000 | usd |
CY2020Q4 | us-gaap |
Assets
Assets
|
3171100000 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
443800000 | usd |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
245300000 | usd |
CY2020 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
307500000 | usd |
CY2022Q4 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
57400000 | usd |
CY2021Q4 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
20200000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
57400000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
20200000 | usd |
CY2022Q4 | borr |
Unbilled Receivables Non Current
UnbilledReceivablesNonCurrent
|
3800000 | usd |
CY2021Q4 | borr |
Unbilled Receivables Non Current
UnbilledReceivablesNonCurrent
|
0 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
|
3800000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
|
0 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
61200000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
20200000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
57300000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
3900000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
57300000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
3900000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
68700000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
2500000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
68700000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
2500000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
126000000.0 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
6400000 | usd |
CY2022Q4 | borr |
Liquidated Damages Costs Current
LiquidatedDamagesCostsCurrent
|
900000 | usd |
CY2022Q4 | borr |
Number Of Contracts With Delayed Start Date
NumberOfContractsWithDelayedStartDate
|
2 | contract |
CY2022Q4 | borr |
Liquidated Damages Costs Noncurrent
LiquidatedDamagesCostsNoncurrent
|
2300000 | usd |
CY2020Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
20300000 | usd |
CY2020Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
2600000 | usd |
CY2021 | borr |
Contract With Customer Asset Performance Obligation Satisfied During Reporting Period
ContractWithCustomerAssetPerformanceObligationSatisfiedDuringReportingPeriod
|
20200000 | usd |
CY2021 | borr |
Amortization Of Revenue Contract Liability
AmortizationOfRevenueContractLiability
|
5900000 | usd |
CY2021 | borr |
Cash Received Contract Liability
CashReceivedContractLiability
|
9700000 | usd |
CY2021 | borr |
Cash Received Contract Asset
CashReceivedContractAsset
|
20300000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
20200000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
6400000 | usd |
CY2022 | borr |
Contract With Customer Asset Performance Obligation Satisfied During Reporting Period
ContractWithCustomerAssetPerformanceObligationSatisfiedDuringReportingPeriod
|
55100000 | usd |
CY2022 | borr |
Amortization Of Revenue Contract Liability
AmortizationOfRevenueContractLiability
|
22100000 | usd |
CY2022 | borr |
Unbilled Demobilization Revenue Contract Asset
UnbilledDemobilizationRevenueContractAsset
|
2200000 | usd |
CY2022 | borr |
Unbilled Variable Rate Revenue Contract Asset
UnbilledVariableRateRevenueContractAsset
|
3900000 | usd |
CY2022 | borr |
Contract With Customer Liabilities Performance Obligation Satisfied Over Time
ContractWithCustomerLiabilitiesPerformanceObligationSatisfiedOverTime
|
2200000 | usd |
CY2022 | borr |
Cash Received Contract Liability
CashReceivedContractLiability
|
139500000 | usd |
CY2022 | borr |
Cash Received Contract Asset
CashReceivedContractAsset
|
20200000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
61200000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
126000000.0 | usd |
CY2021 | borr |
Increase Decrease To Equity Method Investments For Guarantee
IncreaseDecreaseToEquityMethodInvestmentsForGuarantee
|
5900000 | usd |
CY2021 | us-gaap |
Equity Method Investment Sold Carrying Amount
EquityMethodInvestmentSoldCarryingAmount
|
7000000.0 | usd |
CY2021Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
19400000 | usd |
CY2022 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1200000 | usd |
CY2022Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
20600000 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
443800000 | usd |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
245300000 | usd |
CY2020 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
307500000 | usd |
CY2022Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
481600000 | usd |
CY2022Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
220500000 | usd |
CY2022Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
172000000.0 | usd |
CY2022Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
183000000.0 | usd |
CY2022Q4 | us-gaap |
Deferred Costs Current
DeferredCostsCurrent
|
38400000 | usd |
CY2021Q4 | us-gaap |
Deferred Costs Current
DeferredCostsCurrent
|
17200000 | usd |
CY2022Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
17100000 | usd |
CY2021Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
4400000 | usd |
CY2022Q4 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
55500000 | usd |
CY2021Q4 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
21600000 | usd |
CY2022 | borr |
Increase Decrease In Deferred Contract Cost
IncreaseDecreaseInDeferredContractCost
|
33900000 | usd |
CY2022 | borr |
Capitalized Contract Cost Additional Cost Capitalized
CapitalizedContractCostAdditionalCostCapitalized
|
70600000 | usd |
CY2022 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
36700000 | usd |
CY2021 | borr |
Increase Decrease In Deferred Contract Cost
IncreaseDecreaseInDeferredContractCost
|
15900000 | usd |
CY2021 | borr |
Capitalized Contract Cost Additional Cost Capitalized
CapitalizedContractCostAdditionalCostCapitalized
|
28500000 | usd |
CY2021 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
12600000 | usd |
CY2022 | borr |
Proceeds From Sale Of Property Plant And Equipment Including Non Cash Portion
ProceedsFromSaleOfPropertyPlantAndEquipmentIncludingNonCashPortion
|
131500000 | usd |
CY2022 | us-gaap |
Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
|
127300000 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
4200000 | usd |
CY2021 | borr |
Proceeds From Sale Of Property Plant And Equipment Including Non Cash Portion
ProceedsFromSaleOfPropertyPlantAndEquipmentIncludingNonCashPortion
|
5700000 | usd |
CY2021 | us-gaap |
Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
|
4500000 | usd |
CY2021 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
1200000 | usd |
CY2020 | borr |
Proceeds From Sale Of Property Plant And Equipment Including Non Cash Portion
ProceedsFromSaleOfPropertyPlantAndEquipmentIncludingNonCashPortion
|
34700000 | usd |
CY2020 | us-gaap |
Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
|
15700000 | usd |
CY2020 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
19000000.0 | usd |
CY2020Q4 | borr |
Interest In Equity Method Investment Not Held By The Company
InterestInEquityMethodInvestmentNotHeldByTheCompany
|
0.51 | |
CY2020Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
62700000 | usd |
CY2021 | us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
46500000 | usd |
CY2021 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
16100000 | usd |
CY2022 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
125400000 | usd |
CY2021 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
92900000 | usd |
CY2020 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
87400000 | usd |
CY2022 | borr |
Loss On Extinguishment Of Debt
LossOnExtinguishmentOfDebt
|
7800000 | usd |
CY2021 | borr |
Loss On Extinguishment Of Debt
LossOnExtinguishmentOfDebt
|
0 | usd |
CY2020 | borr |
Loss On Extinguishment Of Debt
LossOnExtinguishmentOfDebt
|
0 | usd |
CY2022 | borr |
Gain On Extinguishment Of Debt
GainOnExtinguishmentOfDebt
|
1900000 | usd |
CY2021 | borr |
Gain On Extinguishment Of Debt
GainOnExtinguishmentOfDebt
|
0 | usd |
CY2020 | borr |
Gain On Extinguishment Of Debt
GainOnExtinguishmentOfDebt
|
0 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
131300000 | usd |
CY2021 | us-gaap |
Interest Expense
InterestExpense
|
92900000 | usd |
CY2020 | us-gaap |
Interest Expense
InterestExpense
|
87400000 | usd |
CY2020 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
5000000 | usd |
CY2022 | borr |
Yard Cost Cover Expense
YardCostCoverExpense
|
28200000 | usd |
CY2021 | borr |
Yard Cost Cover Expense
YardCostCoverExpense
|
12800000 | usd |
CY2020 | borr |
Yard Cost Cover Expense
YardCostCoverExpense
|
5300000 | usd |
CY2022 | borr |
Bank Commitment Guarantee And Other Fees
BankCommitmentGuaranteeAndOtherFees
|
12700000 | usd |
CY2021 | borr |
Bank Commitment Guarantee And Other Fees
BankCommitmentGuaranteeAndOtherFees
|
4200000 | usd |
CY2020 | borr |
Bank Commitment Guarantee And Other Fees
BankCommitmentGuaranteeAndOtherFees
|
2600000 | usd |
CY2022 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
7900000 | usd |
CY2021 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
6500000 | usd |
CY2020 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
5600000 | usd |
CY2022 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-900000 | usd |
CY2021 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-2800000 | usd |
CY2020 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
1500000 | usd |
CY2022 | borr |
Other Miscellaneous Financial Income Expense
OtherMiscellaneousFinancialIncomeExpense
|
-100000 | usd |
CY2021 | borr |
Other Miscellaneous Financial Income Expense
OtherMiscellaneousFinancialIncomeExpense
|
4500000 | usd |
CY2020 | borr |
Other Miscellaneous Financial Income Expense
OtherMiscellaneousFinancialIncomeExpense
|
3700000 | usd |
CY2022 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
0 | usd |
CY2021 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
0 | usd |
CY2020 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-26600000 | usd |
CY2022 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
0 | usd |
CY2021 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
0 | usd |
CY2020 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
1500000 | usd |
CY2022 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
0 | usd |
CY2021 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
0 | usd |
CY2020 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-2300000 | usd |
CY2022 | borr |
Other Financial Income Expense
OtherFinancialIncomeExpense
|
-49800000 | usd |
CY2021 | borr |
Other Financial Income Expense
OtherFinancialIncomeExpense
|
-21800000 | usd |
CY2020 | borr |
Other Financial Income Expense
OtherFinancialIncomeExpense
|
-35700000 | usd |
CY2022Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
10700000 | usd |
CY2020 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-26600000 | usd |
CY2020 | us-gaap |
Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
|
3000000 | usd |
CY2020 | us-gaap |
Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
|
1500000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-44100000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-68100000 | usd |
CY2020 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-76400000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-230300000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-115200000 | usd |
CY2020 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-225000000.0 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-274400000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-183300000 | usd |
CY2020 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-301400000 | usd |
CY2022 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
20500000 | usd |
CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
10200000 | usd |
CY2020 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
15100000 | usd |
CY2022 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-2100000 | usd |
CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-500000 | usd |
CY2020 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
1100000 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
18400000 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
9700000 | usd |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
16200000 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0671 | |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-274400000 | usd |
CY2021 | borr |
Other Current Assets Allowance For Credit Loss Period Increase Decrease
OtherCurrentAssetsAllowanceForCreditLossPeriodIncreaseDecrease
|
0 | usd |
CY2021 | borr |
Credit Loss Expense Reversal
CreditLossExpenseReversal
|
300000 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
-0.0720 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
-0.0664 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
-0.0649 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0.0067 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0.0160 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.0157 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0018 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0026 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0045 | |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0671 | |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0530 | |
CY2020 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0537 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
17700000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
13000000.0 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
|
45000000.0 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
|
53600000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
17900000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
16000000.0 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
80600000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
82600000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
77100000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
81900000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
3500000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
700000 | usd |
CY2022Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
700000 | usd |
CY2021Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
0 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
2800000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
700000 | usd |
CY2021 | us-gaap |
Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
|
700000 | usd |
CY2021 | borr |
Other Current Assets Allowance For Credit Loss Recovery
OtherCurrentAssetsAllowanceForCreditLossRecovery
|
0 | usd |
CY2021Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
6200000 | usd |
CY2020Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
6200000 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
6200000 | usd |
CY2021Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
6200000 | usd |
CY2022 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
5100000 | usd |
CY2021 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
4600000 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
11300000 | usd |
CY2021Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
10800000 | usd |
CY2022 | us-gaap |
Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
|
500000 | usd |
CY2021 | us-gaap |
Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
|
400000 | usd |
CY2020 | us-gaap |
Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
|
500000 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
11300000 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
11300000 | usd |
CY2021Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
10800000 | usd |
CY2021Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
10800000 | usd |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.64 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.64 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.43 | |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.43 | |
CY2020 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-4.22 | |
CY2020 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-4.22 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.64 | |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.43 | |
CY2020 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-4.22 | |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
229263598 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
137218175 | shares |
CY2020Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
110159352 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
178404637 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
178404637 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
134726336 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
134726336 | shares |
CY2020 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
75177352 | shares |
CY2020 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
75177352 | shares |
CY2022Q4 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
63.5892 | |
CY2022Q4 | borr |
Restricted Cash Relating To The Issuance Of Guarantees
RestrictedCashRelatingToTheIssuanceOfGuarantees
|
10100000 | usd |
CY2021Q4 | borr |
Restricted Cash Relating To The Issuance Of Guarantees
RestrictedCashRelatingToTheIssuanceOfGuarantees
|
10000000.0 | usd |
CY2022Q4 | borr |
Restricted Cash Relating To Debt Financings
RestrictedCashRelatingToDebtFinancings
|
0 | usd |
CY2021Q4 | borr |
Restricted Cash Relating To Debt Financings
RestrictedCashRelatingToDebtFinancings
|
1100000 | usd |
CY2022Q4 | borr |
Restricted Cash Relating To Others
RestrictedCashRelatingToOthers
|
400000 | usd |
CY2021Q4 | borr |
Restricted Cash Relating To Others
RestrictedCashRelatingToOthers
|
0 | usd |
CY2022Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
10500000 | usd |
CY2021Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
11100000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
2500000 | usd |
CY2021Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
3300000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
8000000.0 | usd |
CY2021Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
7800000 | usd |
CY2020Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1200000 | usd |
CY2020Q4 | borr |
Other Current Assets Allowance For Credit Loss
OtherCurrentAssetsAllowanceForCreditLoss
|
1900000 | usd |
CY2020Q4 | borr |
Allowance For Credit Loss
AllowanceForCreditLoss
|
3100000 | usd |
CY2021 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
300000 | usd |
CY2021 | borr |
Allowance For Credit Loss Recovery
AllowanceForCreditLossRecovery
|
700000 | usd |
CY2021 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
0 | usd |
CY2021 | borr |
Other Current Assets Allowance For Credit Loss Write Off
OtherCurrentAssetsAllowanceForCreditLossWriteOff
|
1900000 | usd |
CY2021 | borr |
Allowance For Credit Loss Write Off
AllowanceForCreditLossWriteOff
|
1900000 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
800000 | usd |
CY2021Q4 | borr |
Other Current Assets Allowance For Credit Loss
OtherCurrentAssetsAllowanceForCreditLoss
|
0 | usd |
CY2021Q4 | borr |
Allowance For Credit Loss
AllowanceForCreditLoss
|
800000 | usd |
CY2022 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
200000 | usd |
CY2022 | borr |
Other Current Assets Allowance For Credit Loss Period Increase Decrease
OtherCurrentAssetsAllowanceForCreditLossPeriodIncreaseDecrease
|
0 | usd |
CY2022 | borr |
Credit Loss Expense Reversal
CreditLossExpenseReversal
|
200000 | usd |
CY2022 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
700000 | usd |
CY2022 | borr |
Other Current Assets Allowance For Credit Loss Write Off
OtherCurrentAssetsAllowanceForCreditLossWriteOff
|
0 | usd |
CY2022 | borr |
Allowance For Credit Loss Write Off
AllowanceForCreditLossWriteOff
|
700000 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
300000 | usd |
CY2022Q4 | borr |
Other Current Assets Allowance For Credit Loss
OtherCurrentAssetsAllowanceForCreditLoss
|
0 | usd |
CY2022Q4 | borr |
Allowance For Credit Loss
AllowanceForCreditLoss
|
300000 | usd |
CY2022Q4 | borr |
Value Added Tax And Other Tax Receivables Current
ValueAddedTaxAndOtherTaxReceivablesCurrent
|
14600000 | usd |
CY2021Q4 | borr |
Value Added Tax And Other Tax Receivables Current
ValueAddedTaxAndOtherTaxReceivablesCurrent
|
8000000.0 | usd |
CY2022Q4 | borr |
Client Rechargeable Current
ClientRechargeableCurrent
|
4600000 | usd |
CY2021Q4 | borr |
Client Rechargeable Current
ClientRechargeableCurrent
|
2600000 | usd |
CY2022Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
1100000 | usd |
CY2021Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
0 | usd |
CY2022Q4 | borr |
Operating Lease Right Of Use Asset Current
OperatingLeaseRightOfUseAssetCurrent
|
500000 | usd |
CY2021Q4 | borr |
Operating Lease Right Of Use Asset Current
OperatingLeaseRightOfUseAssetCurrent
|
200000 | usd |
CY2022Q4 | borr |
Deferred Financing Fee
DeferredFinancingFee
|
0 | usd |
CY2021Q4 | borr |
Deferred Financing Fee
DeferredFinancingFee
|
900000 | usd |
CY2022Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
4600000 | usd |
CY2021Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
5200000 | usd |
CY2022Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
25400000 | usd |
CY2021Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
16900000 | usd |
CY2021Q4 | us-gaap |
Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
|
1400000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
36200000 | usd |
CY2021Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
18400000 | usd |
CY2021Q4 | borr |
New Buildings
NewBuildings
|
135500000 | usd |
CY2020Q4 | borr |
New Buildings
NewBuildings
|
135500000 | usd |
CY2022 | borr |
New Buildings Disposals
NewBuildingsDisposals
|
7600000 | usd |
CY2021 | borr |
New Buildings Disposals
NewBuildingsDisposals
|
0 | usd |
CY2022 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
124400000 | usd |
CY2021 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
CY2022Q4 | borr |
New Buildings
NewBuildings
|
3500000 | usd |
CY2021Q4 | borr |
New Buildings
NewBuildings
|
135500000 | usd |
CY2022Q2 | borr |
Number Of Newbuild Jack Up Rigs For Sale Per Letter Of Intent Agreement
NumberOfNewbuildJackUpRigsForSalePerLetterOfIntentAgreement
|
3 | rig |
CY2021Q4 | borr |
Jack Up Drilling Rigs
JackUpDrillingRigs
|
2730800000 | usd |
CY2020Q4 | borr |
Jack Up Drilling Rigs
JackUpDrillingRigs
|
2824600000 | usd |
CY2022 | borr |
Jack Up Drilling Rigs Additions
JackUpDrillingRigsAdditions
|
100200000 | usd |
CY2021 | borr |
Jack Up Drilling Rigs Additions
JackUpDrillingRigsAdditions
|
23800000 | usd |
CY2022 | borr |
Jack Up Drilling Rigs Depreciation And Amortization
JackUpDrillingRigsDepreciationAndAmortization
|
114900000 | usd |
CY2021 | borr |
Jack Up Drilling Rigs Depreciation And Amortization
JackUpDrillingRigsDepreciationAndAmortization
|
117600000 | usd |
CY2022 | borr |
Jack Up Drilling Rigs Disposals
JackUpDrillingRigsDisposals
|
119700000 | usd |
CY2021 | borr |
Jack Up Drilling Rigs Disposals
JackUpDrillingRigsDisposals
|
0 | usd |
CY2022 | borr |
Jack Up Drilling Rigs Impairment
JackUpDrillingRigsImpairment
|
7300000 | usd |
CY2021 | borr |
Jack Up Drilling Rigs Impairment
JackUpDrillingRigsImpairment
|
0 | usd |
CY2022Q4 | borr |
Jack Up Drilling Rigs
JackUpDrillingRigs
|
2589100000 | usd |
CY2021Q4 | borr |
Jack Up Drilling Rigs
JackUpDrillingRigs
|
2730800000 | usd |
CY2022Q4 | borr |
Accumulated Depreciation Depletion And Amortization Jack Up Rigs
AccumulatedDepreciationDepletionAndAmortizationJackUpRigs
|
482600000 | usd |
CY2021Q4 | borr |
Accumulated Depreciation Depletion And Amortization Jack Up Rigs
AccumulatedDepreciationDepletionAndAmortizationJackUpRigs
|
391100000 | usd |
CY2022 | borr |
Property Plant And Equipment Depreciation
PropertyPlantAndEquipmentDepreciation
|
1600000 | usd |
CY2021 | borr |
Property Plant And Equipment Depreciation
PropertyPlantAndEquipmentDepreciation
|
2000000 | usd |
CY2020 | borr |
Property Plant And Equipment Depreciation
PropertyPlantAndEquipmentDepreciation
|
1900000 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5200000 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6500000 | usd |
CY2022Q4 | borr |
Current Loans Payable Outstanding Prior To Backend Fees Effective Interest Rate Adjustments And Deferred Finance Charges
CurrentLoansPayableOutstandingPriorToBackendFeesEffectiveInterestRateAdjustmentsAndDeferredFinanceCharges
|
450000000.0 | usd |
CY2021Q4 | borr |
Current Loans Payable Outstanding Prior To Backend Fees Effective Interest Rate Adjustments And Deferred Finance Charges
CurrentLoansPayableOutstandingPriorToBackendFeesEffectiveInterestRateAdjustmentsAndDeferredFinanceCharges
|
0 | usd |
CY2022Q4 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
4900000 | usd |
CY2021Q4 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
0 | usd |
CY2018 | borr |
Number Of Onerous Leases
NumberOfOnerousLeases
|
2 | lease |
CY2022Q4 | borr |
Operating Lease Right Of Use Asset Current And Non Current
OperatingLeaseRightOfUseAssetCurrentAndNonCurrent
|
2200000 | usd |
CY2021Q4 | borr |
Operating Lease Right Of Use Asset Current And Non Current
OperatingLeaseRightOfUseAssetCurrentAndNonCurrent
|
1500000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
500000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
700000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
1700000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
1300000 | usd |
CY2022Q4 | borr |
Operating Lease Right Of Use Asset Current
OperatingLeaseRightOfUseAssetCurrent
|
500000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1700000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P5Y | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.066 | |
CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
7900000 | usd |
CY2021 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
4100000 | usd |
CY2022 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
0 | usd |
CY2021 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
0 | usd |
CY2022 | us-gaap |
Lease Cost
LeaseCost
|
7900000 | usd |
CY2021 | us-gaap |
Lease Cost
LeaseCost
|
4100000 | usd |
CY2022 | us-gaap |
Sublease Income
SubleaseIncome
|
300000 | usd |
CY2021 | us-gaap |
Sublease Income
SubleaseIncome
|
2400000 | usd |
CY2022Q4 | us-gaap |
Debt Current
DebtCurrent
|
445900000 | usd |
CY2021Q4 | us-gaap |
Debt Current
DebtCurrent
|
0 | usd |
CY2022Q4 | borr |
Long Term Debt Outstanding Prior To Backend Fees Effective Interest Rate Adjustments And Deferred Finance Charges
LongTermDebtOutstandingPriorToBackendFeesEffectiveInterestRateAdjustmentsAndDeferredFinanceCharges
|
1132800000 | usd |
CY2021Q4 | borr |
Long Term Debt Outstanding Prior To Backend Fees Effective Interest Rate Adjustments And Deferred Finance Charges
LongTermDebtOutstandingPriorToBackendFeesEffectiveInterestRateAdjustmentsAndDeferredFinanceCharges
|
1862500000 | usd |
CY2022Q4 | borr |
Debt Instrument Interest Rate Effective Adjustment Increase Decrease
DebtInstrumentInterestRateEffectiveAdjustmentIncreaseDecrease
|
19800000 | usd |
CY2021Q4 | borr |
Debt Instrument Interest Rate Effective Adjustment Increase Decrease
DebtInstrumentInterestRateEffectiveAdjustmentIncreaseDecrease
|
17100000 | usd |
CY2022Q4 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
6400000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
700000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
700000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
600000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
300000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
300000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
300000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
2900000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
700000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
2200000 | usd |
CY2022Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
17100000 | usd |
CY2021Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
4400000 | usd |
CY2022Q4 | us-gaap |
Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
|
3500000 | usd |
CY2021Q4 | us-gaap |
Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
|
700000 | usd |
CY2022Q4 | borr |
Liquidated Damages Costs Noncurrent
LiquidatedDamagesCostsNoncurrent
|
2300000 | usd |
CY2021Q4 | borr |
Liquidated Damages Costs Noncurrent
LiquidatedDamagesCostsNoncurrent
|
0 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1700000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1300000 | usd |
CY2022Q4 | us-gaap |
Value Added Tax Receivable Noncurrent
ValueAddedTaxReceivableNoncurrent
|
400000 | usd |
CY2021Q4 | us-gaap |
Value Added Tax Receivable Noncurrent
ValueAddedTaxReceivableNoncurrent
|
400000 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
|
200000 | usd |
CY2021Q4 | us-gaap |
Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
|
100000 | usd |
CY2022Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
26700000 | usd |
CY2021Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
6900000 | usd |
CY2022Q4 | borr |
Number Of Contracts With Delayed Start Date
NumberOfContractsWithDelayedStartDate
|
2 | contract |
CY2022Q4 | borr |
Number Of Rigs To Be Billed Upon Completion
NumberOfRigsToBeBilledUponCompletion
|
2 | rig |
CY2021Q4 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
6500000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1191100000 | usd |
CY2021Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1915900000 | usd |
CY2022Q4 | borr |
Jack Up Drilling Rigs Delivery Installment
JackUpDrillingRigsDeliveryInstallment
|
294800000 | usd |
CY2021Q4 | borr |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
|
0.64 | |
CY2021Q1 | us-gaap |
Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
|
275132 | shares |
CY2021Q1 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
2.4 | |
CY2022Q4 | borr |
Accrued Goods And Services Received Not Invoiced Current
AccruedGoodsAndServicesReceivedNotInvoicedCurrent
|
22200000 | usd |
CY2021Q4 | borr |
Accrued Goods And Services Received Not Invoiced Current
AccruedGoodsAndServicesReceivedNotInvoicedCurrent
|
7700000 | usd |
CY2022Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
8600000 | usd |
CY2021Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
6200000 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
50000000.0 | usd |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
31700000 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
80800000 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
45600000 | usd |
CY2022Q4 | borr |
Value Added Tax Payable Current
ValueAddedTaxPayableCurrent
|
22700000 | usd |
CY2021Q4 | borr |
Value Added Tax Payable Current
ValueAddedTaxPayableCurrent
|
6600000 | usd |
CY2022Q4 | borr |
Other Taxes Payable Current
OtherTaxesPayableCurrent
|
11400000 | usd |
CY2021Q4 | borr |
Other Taxes Payable Current
OtherTaxesPayableCurrent
|
4600000 | usd |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
200000 | usd |
CY2021Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
700000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
500000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
700000 | usd |
CY2022Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
0 | usd |
CY2021Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
4400000 | usd |
CY2022Q4 | us-gaap |
Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
|
1400000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
450000000.0 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
114000000.0 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
846000000.0 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
172800000 | usd |
CY2022Q4 | borr |
Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
|
0 | usd |
CY2022Q4 | borr |
Total Debt Outstanding Prior To Backend Fees Effective Interest Rate Adjustments And Deferred Finance Charges
TotalDebtOutstandingPriorToBackendFeesEffectiveInterestRateAdjustmentsAndDeferredFinanceCharges
|
1582800000 | usd |
CY2022Q3 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
274900000 | usd |
borr |
Number Of Rigs Deliveries Deferred
NumberOfRigsDeliveriesDeferred
|
2 | rig | |
CY2017Q4 | borr |
Delivery Financing Per Rig
DeliveryFinancingPerRig
|
87000000 | usd |
CY2022Q4 | borr |
Onerous Rig Construction Contracts Acquired
OnerousRigConstructionContractsAcquired
|
54500000 | usd |
CY2021Q4 | borr |
Onerous Rig Construction Contracts Acquired
OnerousRigConstructionContractsAcquired
|
71300000 | usd |
CY2022Q4 | borr |
Jack Up Drilling Rigs Delivery Installment
JackUpDrillingRigsDeliveryInstallment
|
294800000 | usd |
CY2022Q4 | borr |
Jack Up Drilling Rigs Back End Fee
JackUpDrillingRigsBackEndFee
|
0 | usd |
CY2021Q4 | borr |
Jack Up Drilling Rigs Delivery Installment
JackUpDrillingRigsDeliveryInstallment
|
621000000.0 | usd |
CY2021Q4 | borr |
Jack Up Drilling Rigs Back End Fee
JackUpDrillingRigsBackEndFee
|
9000000.0 | usd |
CY2022Q4 | borr |
Delivery Instalments Next Twelve Months
DeliveryInstalmentsNextTwelveMonths
|
0 | usd |
CY2022Q4 | borr |
Delivery Installments One To Three Years
DeliveryInstallmentsOneToThreeYears
|
294800000 | usd |
CY2022Q4 | us-gaap |
Other Commitment
OtherCommitment
|
9700000 | usd |
CY2021Q4 | us-gaap |
Other Commitment
OtherCommitment
|
20800000 | usd |
CY2022Q4 | us-gaap |
Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
|
2000000.0 | usd |
CY2022Q4 | us-gaap |
Other Commitment Due In Second And Third Year
OtherCommitmentDueInSecondAndThirdYear
|
7700000 | usd |
CY2022Q4 | us-gaap |
Other Commitment
OtherCommitment
|
9700000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
|
2396200000 | usd |
CY2021Q4 | us-gaap |
Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
|
2730800000 | usd |
CY2022 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2100000 | usd |
CY2021 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
100000 | usd |
CY2020 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
700000 | usd |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
|
0 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
5670000 | shares |
CY2021Q4 | borr |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
|
0.64 | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
885000 | shares |
CY2020Q4 | borr |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
|
1.91 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
4000000 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.00 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
5150000 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.51 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
11250 | shares |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
|
2.68 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
105500 | shares |
CY2021 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
|
1.24 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
213744 | shares |
CY2022 | borr |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageGrantDateFairValue
|
1.78 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
259500 | shares |
CY2021 | borr |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageGrantDateFairValue
|
3.19 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
9445006 | shares |
CY2022Q4 | borr |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
|
1.19 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
5670000 | shares |
CY2018Q1 | borr |
Number Of Defined Benefit Pension Plans Acquired
NumberOfDefinedBenefitPensionPlansAcquired
|
2 | pensionplan |
CY2022 | borr |
Number Of Non Us Noncontributory Defined Benefit Pension Plans Sponsored
NumberOfNonUSNoncontributoryDefinedBenefitPensionPlansSponsored
|
2 | pensionplan |
CY2022 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
2400000 | usd |
CY2021 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
1300000 | usd |
CY2020 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
1800000 | usd |
CY2022 | borr |
Related Party Revenue
RelatedPartyRevenue
|
85100000 | usd |
CY2021 | borr |
Related Party Revenue
RelatedPartyRevenue
|
39500000 | usd |
CY2020 | borr |
Related Party Revenue
RelatedPartyRevenue
|
42300000 | usd |
CY2022 | borr |
Funding Provided To Received From Equity Method Investments
FundingProvidedToReceivedFromEquityMethodInvestments
|
0 | usd |
CY2021 | borr |
Funding Provided To Received From Equity Method Investments
FundingProvidedToReceivedFromEquityMethodInvestments
|
-46500000 | usd |
CY2020 | borr |
Funding Provided To Received From Equity Method Investments
FundingProvidedToReceivedFromEquityMethodInvestments
|
25500000 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
65600000 | usd |
CY2021Q4 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
48600000 | usd |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.10 | |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
180000000 | shares |
CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
119326923 | shares |
CY2021Q1 | borr |
Stock Authorized During Period Shares
StockAuthorizedDuringPeriodShares
|
25673077 | shares |
CY2021Q2 | borr |
Stock Authorized During Period Shares
StockAuthorizedDuringPeriodShares
|
35000000 | shares |
CY2022Q3 | borr |
Stock Authorized During Period Shares
StockAuthorizedDuringPeriodShares
|
40000000 | shares |
CY2022Q3 | borr |
Stock Authorized During Period Shares
StockAuthorizedDuringPeriodShares
|
35000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
255000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
180000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.10 | |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
137218175 | shares |
CY2020Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
110159352 | shares |
CY2022Q3 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
981 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
229263598 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
137218175 | shares |
CY2022Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
315511 | shares |
CY2021Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
406333 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
228948087 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
136811842 | shares |
CY2022Q3 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
981 | shares |
CY2022 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
92046404 | shares |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
313800000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
|
90822 | shares |
CY2021 | us-gaap |
Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
|
323525 | shares |
CY2022 | us-gaap |
Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
|
300000 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
|
800000 | usd |
CY2022Q4 | borr |
Gain Loss On Issuance Of Treasury Shares Recognised As A Reduction In Additional Paid In Capital
GainLossOnIssuanceOfTreasurySharesRecognisedAsAReductionInAdditionalPaidInCapital
|
-3600000 | usd |
CY2021 | borr |
Gain Loss On Issuance Of Treasury Shares Recognised As A Reduction In Additional Paid In Capital
GainLossOnIssuanceOfTreasurySharesRecognisedAsAReductionInAdditionalPaidInCapital
|
-11700000 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
|
700000 | usd |
CY2021Q1 | borr |
Stock Issued During Period Book Value Treasury Stock Reissued
StockIssuedDuringPeriodBookValueTreasuryStockReissued
|
10400000 | usd |
CY2021Q1 | borr |
Gain Loss On Issuance Of Treasury Shares Recognised As A Reduction In Additional Paid In Capital
GainLossOnIssuanceOfTreasurySharesRecognisedAsAReductionInAdditionalPaidInCapital
|
-9700000 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
|
48393 | shares |
CY2021Q3 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
1.7 | |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
|
100000 | usd |
CY2021Q3 | borr |
Stock Issued During Period Book Value Treasury Stock Reissued
StockIssuedDuringPeriodBookValueTreasuryStockReissued
|
2100000 | usd |
CY2021Q3 | borr |
Gain Loss On Issuance Of Treasury Shares Recognised As A Reduction In Additional Paid In Capital
GainLossOnIssuanceOfTreasurySharesRecognisedAsAReductionInAdditionalPaidInCapital
|
-2000000.0 | usd |
CY2021 | us-gaap |
Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
|
323525 | shares |
CY2021 | us-gaap |
Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
|
800000 | usd |
CY2021 | borr |
Stock Issued During Period Book Value Treasury Stock Reissued
StockIssuedDuringPeriodBookValueTreasuryStockReissued
|
12500000 | usd |
CY2021 | borr |
Gain Loss On Issuance Of Treasury Shares Recognised As A Reduction In Additional Paid In Capital
GainLossOnIssuanceOfTreasurySharesRecognisedAsAReductionInAdditionalPaidInCapital
|
-11700000 | usd |
CY2022Q4 | us-gaap |
Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
|
90822 | shares |
CY2022Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
3.6 | |
CY2022Q4 | us-gaap |
Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
|
300000 | usd |
CY2022Q4 | borr |
Stock Issued During Period Book Value Treasury Stock Reissued
StockIssuedDuringPeriodBookValueTreasuryStockReissued
|
3900000 | usd |
CY2022Q4 | borr |
Gain Loss On Issuance Of Treasury Shares Recognised As A Reduction In Additional Paid In Capital
GainLossOnIssuanceOfTreasurySharesRecognisedAsAReductionInAdditionalPaidInCapital
|
-3600000 | usd |
CY2022Q4 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
25500000 | usd |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
255000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.10 |